Ethiopia continues to record robust growth. However, the state-led development model is constraining the private sector and has resulted, from time to time, in macroeconomic imbalances, and therefore seems unsustainable in the long term.
Sourced through Scoop.it from: globserver.cn
After a decade of very strong performance (9% average economic growth), economic growth slowed down somewhat, but remained nevertheless relatively high. In 2013, economic growth decreased to 7.1%, from 8.5% in 2012, driven down by a marked slowdown in gross fixed investments. Ethiopia’s economic policy is based on a 5-year Growth and Transformation Plan (GTP),